The distribution of this material may be restricted by law in certain jurisdictions. Persons accessing these and the preceding pages are required to inform themselves about and observe any such restrictions. These and the preceding pages should not be regarded as an offer or solicitation to sell investments in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.
Dollarinvest (dollarinvest.com, Dollarinvest Switzerland - aka physicalswissgold.com) is not a bank or similar financial institution or broking company and neither solicits nor accepts deposits or funds of any kind, directly, on behalf of third parties or indirectly. Dollarinvest.com is not trading client's funds nor managing moneys on behalf of investors nor offering investment funds nor making transactions on customers' accounts. Dollarinvest.com is not providing brokerage, Forex dealer or foreign exchange dealing trading services nor investment management services. Dollarinvest.com does not accept powers of attorney from investors to trade his/her/their account nor will dollarinvest.com execute financial transactions of any kind. Rather, Dollarinvest.com's main mission is the referral of interested investors to do business in Switzerland with carefully selected financial services companies offering such services who are in full compliance with all applicable Swiss laws and regulations. The information contained in this website is not meant to substitute qualified legal advice given by a specialist knowing your particular situation.
Important to know
In Switzerland there are three regulatory authorities and supervisory agencies
In addition to this, there is the OR Uniform Swiss Code (Schweizerisches Obligationenrecht) to protect the rights of the investor.
No offer: Neither the information nor any opinion expressed on the
web site constitutes an offer by Dollarinvest, dollarinvest.com or any
of its associated banks, dealers, brokers, Securities intermediaries,
Forex dealers, Foreign Exchange and Securities service providers, Investment
Managers or Fiduciaries to buy or sell any investments or provide any
investment service. None of the information on the web site constitutes
a personal recommendation or advice and the needs and circumstances
of particular investors have not been considered in preparing the information.
Investment in funds may not be suitable for you and you should seek
independent advice in cases of doubt.
Swiss Anti-money Laundering Act
The Swiss Anti-money Laundering Act entered into force on April 1, 1998. All financial intermediaries must either be affiliated with a recognized self-regulatory organization (SRO) or be supervised directly by the Control Panel for the Prevention of Money Laundering (the Control Panel). These organizations and laws are the government watchdogs to ensure an orderly investment market in Switzerland including Investment Managers and companies offering Forex services. Dollarinvest Switzerland (domain names dollarinvest.com, physicalswissgold.com) is exempted from these rules because Dollarinvest does not accept, process or transfer monies from others or on behalf of others (clients, third parties). Dollarinvest does not manage customers funds directly or indirectly. For these reasons, Dollarinvest is neither supervised by a SRO, the Swiss Federal Banking Commission (EBK, SFBC), or by the Kontrollstelle für Geldwäscherei.
The task of Dollarinvest Switzerland consists solely in the mediating of clients (client referrals) to Swiss financial services companies, which adhere and conform to the strict laws and regulations governing those institutions. Moreover, Dollarinvest is in possession of and in compliance with a decision rendered by the Federal Finance Administration FFA, Kontrollstelle GwG (SR955.0) in Berne, Switzerland on November 10, 2003 on a motion filed by the Swiss Federal Banking Commission (EBK, SFBC). The latter clearly states that 'Under the existing legislation, asset managers are not subject to supervision by the SFBC, provided that they do not keep accounts in their own name but only in the name and on account of their clients. Foreign Exchange dealers, provided that they exclusively deal in foreign exchange, are not subject to supervision by the SFBC. Introducing brokers are not subject to any authorization requirements provided that they do not act as a representative of a foreign securities dealer. In the absence of any authorization requirements for these kinds of businesses, their activities is not subject to supervision by the SFBC'.
Economic Origin of Funds - Swiss due diligence
To open a bank account in Switzerland, you need to explain the economic origin of your funds. This means explaining how the money which you intend to deposit on your account became yours. This information is needed to comply with Swiss due diligence laws. Our purpose is to check that your money comes from a legal activity and not from trading drugs, extortion or other offences against the Swiss criminal code. It will be kept strictly confidential even if the account is not opened. Depending on what the origin is, we will ask you specific documents that are relevant to the origin of the funds.